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of that magic fairy dust that ways and means is going to use to be able to eliminate the alternative minimum tax, be able to lower the top rate to 25%. you go through the areas that are outlined here on page 73, whatever that magic ways and means very dust is that allows us to do these magical things, let's do the same and at least at a minimum be able to maintain and increase in the budget authority and the outlays for the function for hundred so that we can continue at least at the current, inadequate level, rather than see a reduction of about one-third. i think this is an important policy statement for the committee in advance of what i hope is a serious conversation about what is a crisis for many people in the country. ironically, i think most of us would agree infrastructure investment is the quickest way to provide family wage jobs and improve the economy in every one of our districts, in every state in the union. i would turn, if i could, to my colleague, mr. polcan, who has some of the rations. >> i am glad you brought this amendment forward, mr. blumenauer. when i was on the joint com
by adopting cuts but in the tax codes, the tax breaks, the tax credits that are loaded up in the tax code that go mostly to the wealthiest americans. you are talking about getting rid of the tax benefits or loophole? >> that's exactly right. >> give me an example of this. is there enough money there? >> absolutely enough money to over $1.2 trillion over 10 years. we could get it, for example, from the corporate deferral on-shore profit did companies that make their profit did overseas, did he ever their payments, sometimes never pay them, and >> bill: that just encourages people to move their money or jobs offshore? >> it's an incentive. >> why should we be rewarding them for exporting jobs basically? >> what these corporate interests and wealthy americans do is hide spending in give them a check? we would is a no way. in the tax code, nobody is really examining that. >> bill: exact. >> special tax -- well, mortgage interest deductions for second homes. not just a first home. i will tell you, a big one is the fossil fuel subsidy. i am talking about oil an
significantly. has he lost leverage with republicans? what does that mean for whether your taxes are going up? >>> and stephen colbert talks about his sister running for office and is talking about being white racist of itself. a war of words over race in america tonight. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. live the regular life. phillips'. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
to defend including some of the tax increases that have gone into it effect in recent years and explain how he would also get rid of the president's health care reform act. he said we consider the tax increases to be federal law and that our question, it isn't the affordable care act federal law? he said, n,o this is something we want to continue fighting. democrats say that we've been through a supreme court challenge to an annual voted on this 30 times, why are we continuing to battle over something that democrats have no intention of appealing? host: the president is scheduled to release his budget a week of april 8. he is set to meet with house republicans today. give us the nature of these meetings. guest: the meeting today is the second of four meetings. it's part of his charm offensive stories trying to win over congressional support for a grand bargain. this has been an effort that was spurred by failing in the sequester a couple weeks ago. he has almost the opposite challenge of what he did yesterday when he met with senate democrats. they were pressing him on his willingness to ac
on spending and taxes. so far, the game is not going very well. >> is the grand bargain dead? >> i don't know whether we can come to a big agreement. the president believes that we have to have more taxes from the american people. we're not going to get very far. >> the president has sounded equally pessimistic about bridging the divide. >> it may be that the differences are just too wide. if their position is we can't do any revenue, or we can only do revenue if we gut medicare or gut social security or gut medicaid, if that's the position, then we're probably not going to be able to get a deal. >> while there's not much agreement there are plenty of ideas. washington is awash in budgets. no less than six plans are currently circulating on the hill. there is the plan from senate democrats, or the murray plan. it includes a one-to-one ratio of spending cuts and tax increaseses, as well as short-term stimulus. then there's the house democrats' budget, which pushes for $200 billion more in revenue than the plan proposed by their party members in the upper chamber and there is a congressional pr
to include tax expenditures, a large part of our federal expenditures in the tax code. and the military also needs to be part of deficit reduction. we also need to do this in a select way. these across-the-board sequestration cuts are not how we as well govern. we should be specific as to which programs are priority programs and which programs can be cut. i think that's where we are trying to find common ground between the democrats and republicans. there are discussions taking place among my colleagues on both sides of the aisle to try to find that common area of agreement. >> shannon: we all as americans wish you the best. i want to give you a chance to respond to criticism from jeff sessions. he says the senate budget, proposed and voted on by the committee is full of gimmicks and raises taxes by $1 trillion and increases spending and has no plan and makes no claim to ever balance the budget? >> well, the democratic budget from the senate -- it has more deficit reduction than the simpson-bowles proposal that we all thought was the right framework, just 2 years ago, so i think it is seriou
is not just a tax haven for russia, it is the tax haven for russian millionaires and billionaires. russia has invested $119 billion, that's with a "brks" in cyprus in 2011 alone. that's by far the largest recipient of russian investments in the world. equal amount of investment came back to russia from cyprus. funny how that works. russian investment is five times the total economic output for cyprus. russians account for $20 billion of total bank deposits or, tyler, as you mentioned, more than a third among the top russians in cyprus is the fert cider magnet now the biggest shareholder in the bank of cyprus. he has a lot of money in u.s. real estate as well. he brought donald trump's mansion and his daughter bout an apartment in sandy well. and alexander bought avraz steel. the mystery to me is why these wealthy russians kept so much money in cyprus when they knew the banks were in trouble. one reason is that there are fewer choices. if you look around the world, governments arie cracking down n tax evasion and money laundering. they're all complying with global capitalist. even with this 10
if republicans agreed to new tax increases. we have heard this before. however, the white house put a positive smpin on the meeting calling it a good substantive exchange and called it a good conversation. the president admitted more with abc news there is more to be done. >> ultimately it may be that the differences are just too wide. if their position is we can't do any revenue or we can only do revenue if we gut medicare or gut social security or medicaid. if that is the position we probably will not be able to get a deal. >> if your piece up on politico read conflicting reports, some say it was more of the same from the president and others say it was a step in the right direction for him to come up to the hill and visit bus. anything come out of this meeting yesterday and the ones that will follow today and the rest of the week? >> i would just replay that clip over and over and over again and that tells you everything you need to know about the next year. the president wants tax increases and he does not want to do a bill with big changes in entitlement reforms. republicans don't want ta
.85 trillion, half through spending cuts and half through tax hikes. the republican plan, paul ryan plan, would cut the deficit $4.6 trillion in ten years and includes repealing obamacare. the hope going through the legislative process they might be able to find compromise to strike some sort of deal. >> we need to put americans back to work. that's our first priority. deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline for comparison between the two sides. we'll get into that in just a moment here. thank you, kelly wright on the
medicaid turns medicare into a voucher program. it gives the wealthiest of americans yet another tax break and it repeals obamacare. it will get passed by the house. it will go nowhere in the senate. it is dead on arrival. but the republicans keep putting this out there. we will tell you about that and, of course, take your calls and get you a chance to get involved in the conversation. give us a call on our toll-free line at 866-557-7377. did we tell you? it looks like there was life on mars. whoa! coming up on current tv. [ music ] (vo) current tv gets the converstion started weekdays at 9am eastern. >> i'm a slutty bob hope. >> you are. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. this show is about analyzing criticizing, and holding policy to the fire. are you encouraged by what you heard the
this week showing a wide gap, indeed, remains over spending and taxes. plans on the table both sides are taking to the airwaves to try to make their cases. peter doocy is live in washington. peter, does it look like either side is ready to give any ground? >> reporter: it depends on which interview you with a watched this morning, john boehner told abc news president obama already got the new taxes he wanted back in january so more taxes shouldn't even be on the table this time around, but another remember can bob corker indicated on fox that new taxes could be part of the discussion if democrats agree to serious entitlement reform. >> think republicans, if they true entitlement reform, would be glad to look at tax reform that generates additional revenues. that doesn't mean increasing rates. it means closing loop homes and arranging our tax system so we have economic growth. i think we've been saying that from day one. >> reporter: the house budget committee chairman paul ryan says he thinks president's trip to capitol hill to meet with republicans is a good start but he thinks the
taxes. there are less taxes going into the government. it is because the government cannot balance our budget, cannot act responsibly, cannot work together. host: paul on the air twitter p the " t " huffington post," -- sing on the elderly in theirr of americans 50s at risk of hunter grew by 40%. according to "the huffington post," rising gas prices as low as rising electricity is only exacerbating the trend among some of america's elderly. mike is on the phone in chicago. our question is what is the government's role when it comes to hunker in america? caller: i am a long time listener and a first-time caller. this kind of stuck in there with me. the problem with government is waste.ot watching the you have a lot -- you have an onslaught of people using link texting on iphones. they are taking advantage of the system. if our government to find out who really need it and give it to them -- people who can work should work. host: thank you for the call. to not be a stranger. if you have access to the internet, "the washington post" has this story on their website. the focus is on one rho
and medicaid, give the wealthy yet another tax break, put most of the burden on the poor and middle class and repeal obama care. this budget is going nowhere. it will be dead on arrival in the senate. it is pure fiscal mastur va tion. yet paul ryan gets credit for being a serious thinker. i will tell you this if paul ryan is a serious thinker i am an astronaut. take a look at the budget. doesn't add up. tomorrow, congressman keith ellison and peter welch, oh, boy. can't wait for that. come back and join us right here tomorrow. >> this is "the bill press show." [ ♪ theme ♪ ] >> stephanie: happy wednesday everybody. jacki schechner, you know i have so few things in my life. look how happy i am about my new coffee mug. >> what does it say? >> stephanie: it is green in time for st. patrick's day. >> ooh. does that mean there's no pinch ug? >> stephanie: here now is colin farrell. >> messing about with mrs. all the rumors are true. >> i got about a third of that. then again if he looks like colin farrell, it doesn't matter. >> stephanie: all right. now here we are. we'
, it results in unfair tax hikes on middle class americans and results in undue burden on middle class americans through the cuts envisioned. >> this republican budget once again makes an ideological, uncompromising approach to addressing that budget challenge. >> perhaps the best thing i can tell you about the republican budget is that here we go again. >> yesterday americans got their first look at this year's ryan republican budget. turns out it it looks like last year's ryan republican budget and it wasn't the only one. i wasn't the only one that said, gee-whiz, not again. >> sean: their fearless lead her -- their fearless leader demagogued so he they demagogued. why are you laughing? >> i'm laughing because these are what i'll call the jim jones democrats. these people are unbelievable with what they're talking about. let me throw a few facts on the table. the government accountability office that works for harry reid and obama, they say 125 billion dollars in estimated improper payments in the federal government? i've got another one of their reports, 510 billion dollars of dupli
but kept the tax benefits to balance the budget, which isn't balanced. gives tax cuts to people that make a million dollars a year, cuts medicaid benefits, privatizes medicare benefits. this is crazy. the problem with paul ryan is people don't believe him any more, simply don't believe him. he may be another sarah palin, his day has come and gone. it is hard to take him seriously if you're a policy person. you can't be a successful conservative or successful liberal, the numbers have to work, you have to be taken seriously, you have to be truthful. that budget was a propaganda document, not a serious budget. i was very surprised at that. >> steve, what did you make of that, insofar as the ryan budget, over 40% of savings are based on repealing the president's health care law which is law of the land, being enacted in over 25 states. is he a serious political figure, a serious policy figure in republican circles? >> he is a serious political figure and a serious policy figure in the republican party, but the governor's criticism about the budget is spot on. its formulations are not based i
the budget over the next ten years. >> but no tax increases. >> no tax increases. the president already got $650 billion worth of tax increases january 1st. he got a trillion dollars worth of tax increases in obama care. this year the federal government will bring in more revenue than any year in our history and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president's budget never comes to b
not confiscate it as cyprus tried to do however there are plenty of ways to get at it. taxes, you're forced to invest in government securities and under the guise of the financial systems, yes, it's a valid concern and the bank defenders will not acknowledge it u and we've got the dow up 39, 40 points at the moment, a shrug from the stock market at the moment. >> yes, it is. stuart: you think this has no impact on the stock market, more on gold and banking stocks, you think? >> i think so, again, what it does, it calls into question the integrity of the financial community and that's what central bankers and legislators fear most. it's not the markets themselves, it's fear of the market and fear of stability because that is what drives confidence and one thing that bernanke can't afford to lose right now. stuart: here is what i think might happen. a no vote, the russians step in, europe says we can't have russia, and they step in. >> i think a power play and progression of events, but i would not count out the chinese in this one. stuart: keith fitz-gerald. thanks. the latest proposal from
and tax changes to workout that with republicans on the hill. yesterday the president sounded optimistic, take a listen. >> are you making some phrog. >> i think we've had good conversations. >> reporter: the question now moving forward is whether they will come together on some of these issues. the president traveling today in the chicago area going to announce a $2 billion green energy fund. speaker boehner's staff immediately saying look for this to have any credibility the president has to increase oil and gas production in the u.s. and they are specifically citing the keystone pipeline. they are waiting to see whether or not the president is going to approve that, jenna. jenna: we'll be talking to two lawmakers working on the keystone pipeline and some legislation through congress to speed that up. in the meantime, just as far as the republicans, their reaction to these series of meetings, what are they telling you. >> reporter: to summit us they are saying the old ronald reagan line, trust but verify. they see the president having dinner with republican senators a week or so ago. l
. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. michigan's governor is not waiting any longer for a plan from the city government in a very dramatic move today he named the washington attorney kevin orosz to take over the city as emergency manager. the republican governor rick schneider is joining us with kevyn orr. thanks very much for joining us. >> great to be with you. >> thanks for inviting us. >> mr. orr, let me start with you. what are you going to do? you have about 18 months to try to get detroit's finances in order. >> wolf, the first thing is make an assessment if i can of enhancing city services to the citizens of detroit. i'm going to sit down with consultants and restructuring team that the governor has in place to try to prioritize what we need to do next based upo
down to the bottom line, the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to be to balance the budget, i'm not sure we're going to get very far. this is the whole issue, we have a spending problem here in washington. >> where is your trust level with the president? i mean, you're talking about these meetings as if they really didn't mean much. >> no, the president and i have a very good relationship. we're open with each other. we're honest with each other. but we're trying to bridge some big differences. >> so, do you trust president obama? >> absolutely. >> absolutely? >> absolutely. there's no issue there. >> listen to what president obama told george stephanopoulos about the debt this week. >> we have already cut $2.5 trillion, $2.7 trillion out of the deficit. if the sequester stays in, you got over $3.5 trillion in deficit reduction already. so, we don't have an immediate crisis in terms of debt. in fact, for the nen ten years, it's going to be in a sustainab
to panic about a possible tax, they try to withdraw their funds you could see big problems for european banks. >> maybe this might help in a small way. talk about a billion-dollar business and that's college ball. >> that's exactly right. total ad revenue for the tournament surpassing $1 billion in 2012. making it larger than any other professional post-season championship. . that's according to cantor media. costing $1.4 million this year. spam posting a video with sir camelot screaming that he can't get over the madness of march. i'm not sure what to say. >> i'm going to put my money down on cal. jackie deangelis, thank you. >>> consumers are generally satisfied with their shopping experiences. here are the retailers with the worst customer service according to the american consumer satisfaction index. number five, sears. cvs. safeway. number two, netflix, and walmart, the lowest rated store in the subject since 2007. ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal r
. it will call for about $1 trillion in new revenues by closing tax loopholes and about 1 trillion in spending cuts at the same time but no structural changes to medicare and the question is will that get -- do either of these plans get anybody anywhere or is everyone talking to themselves? >> they're talking to themselves. we discussed it yesterday. in the last negotiations you still have the fact there are republicans who think that the republicans gave too much and then there are democrats who think that the democrats didn't get enough. so you have those clashing interests. >> i think what happened in january kind of derailed everything because by having these incremental advances instead of a grand bargain throws off the possibility that you do get the grand bargain. you see both sides digging in making sure they respond to their base saying the types of things that their base wants to hear. >> there's a good piece in politico. i don't know if you saw it that michael allen wrote that really sort of walks through why the grand bargain may never happen and i think -- i don't know if it's ben
cut taxes everybody and eventually replace medicare with a voucher plan, cut medicaid by over $700 billion in 10 years. do the democrats have a better idea, mark? >> the democrats have a better idea by basically not letting anything compete in the spotlight with paul ryan's. numbersho looks at believe that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a pipe dream. >> are we ever going to settle this thing, lois? >> and then we might. i think the charm offensive is working a little bit. mitch mcconnell is speaking well of the president in saying that we have useful meetings. his biggest problem might end up being the democrats, trying to move them through some sort of entitlement reform. >> evan? >> maybe obama has got some secret plans to, but i don't see it. this is too little too late. if he was serious about a grand bargain he would have started in november. instead, he behaved like a political hack for months, and then his polls go down and he says, okay, i gues
and start reporting new revenue, not higher taxes but closing those tax loopholes to raise new revenue, but john boehner once again says don't talk to me about raising taxes. all nothing funner than watching republicans eat each other alive. >> the troops love me. (vo) tv and radio talk show host stephanie miller rounds out current's morning news block. >> you're welcome current tv audience for the visual candy. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. >> if you believe in state's rights but still support the drug war you must be high. >> "viewpoint" digs deep into the issues of the day. >> do you think that there is any chance we'll see this president even say the words "carbon tax"? >> with an open mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned "great leadership" so i want to talk about donald rumsfeld. >> (laughter). >> watch the show. >> only on current tv. you know who is coming on to
to tax private bank accounts up to 10%. and now citizens in cyprus are in panic mode rushing to a.t.m.'s. there's a run on banks there as people try to clean out their savings before the tax hits them. >>ainsley: this is to help bail out the cash-strapped country. something like this, could it happen in america? we're asking our guest stuart varney. good morning. >> theoretically, yes, it could happen here. if congress passes a law which taxes wealth -- that is a bank deposit -- yes, it could happen here. in practice, it will not happen here. >>ainsley: it will be a riot. >> plus america can print its own money. you can print dollars to get out of trouble if you're in extreme situations. cyprus uses the euro, somebody else's currency. >>brian: the problem is this is the deal they cut in order to survive. the e.u. gave them this money and said this is some of the austerity things you must do. >> cyprus is bankrupt. it needed an extra $13 billion to keep going. the europeans said we'll give you the money, but you've got to give some of it back from the deposits of everybody in the c
-term spending that we need to deal with. but he's going to hold hostage the fact that he wants to raise taxes on the american people. >> again, if the president wants to let our unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside and focus on what we agree on. >> so with -- obama himself down played the outreach during remarks last night to his policy armoring for ak action. >> the press in washington has been reporting about obama's charm offensive. all i've been doing is calling up folks and trying to see if we can breakthrough some of the gobbledygook of our politics here. >> joining me this morning is tennessee republican congresswoman diane black who is scheduled to speak tomorrow at cpac and she attended yesterday's meeting president obama. it's great to have you here. i want to start out talking about speaker boehner. he has an op-ed out today in the "washington post" saying that for all of washington's focus on the president's outreach to republicans, its his engagement to members of his own party determines if we succeed. this was sai
. that and no new taxes all they can agree on. no new taxes but why hasn't president obama offered republicans a deal from his points of view? his version of a grand bargain to force the republic chance to say no and walk away from the table? he hasn't done that yet. >>> by the way, donald trump tweeted yesterday, really big crowd expected tomorrow at cpac for his speech. here's the really big crowd that showed up to see trumpy. an overflow audience. filled with empty chairs. that's "hardball" and we're playing it. this is the place for it. we'll be right back. stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> president obama announced the official delegation to the vati
gas. the parliament of cyprus voted to reject a bill that would tax bank deposits in order to qualify for an international bailout package. to receive $13 billion from the e.u. and the international monetary fund, cyprus has to raise $7.5 billion on its own. but taxing people's bank accounts proved unpopular, even when the provision was added to shield small savers. banks across cyprus will remain closed until thursday to avoid a run on cash. uncertainty about the cyprus situation set markets around the world and on wall street on edge. the dow jones industrial average gained more than three points to close above 14,455. the nasdaq fell eight points to close at 3229. seven u.s. marines were killed after a mortar unexpectedly exploded during a training exercise in western nevada. military officials said that prompted the pentagon to halt the use of the mortar worldwide until an investigation can be completed. the accident happened last night at the hawthorne army depot. the marines who were killed were based at camp lejeune in north carolina. seven other marines and sailors were injure
because of the near 40% federal tax rate and the 15% state tax rate and doesn't include, state taxes, payroll taxes, extremely high. >> clayton: gas prices are through the roof there. >> alisyn: on and on. >> tucker: i don't think he should complain, he's one of the reasons why. as a native california, i blame bill maher. that's my home state, i think he should be quiet and pay the taxes. >> alisyn: maybe a change of heart. >> tucker: maybe, but i think he should pay the results of his consequences. doesn't run away at that jackson hole, bill maher. >> clayton: perhaps headed to cpac, i don't know if that's going to happen. a straw poll squeaker yesterday in cpac, two raising republican stars neck and neck. only one could come out on top. elizabeth prann. >> reporter: and wrapping up the three day stint, leaving rand paul feeling charmed after he won the straw poll. after the filibuster on the floor. and coming in second, florida senator marco rubio, about 23% of the vote. rick santorum 8% of the vote and followed by governor chris christie who wasn'tnvited. there was serious discus
i'm listening but we've got to begin this talk by raising taxes. and then they got into some policy. >>alisyn: let's hear more about exactly what was said in these meetings. >> one of my favorite moments was when one of my colleagues said mr. president, it is not all that helpful to have you publicly questioning our motives, publicly accusing us of wanting to eviscerate medicaid, for example, simply because we want to call for reform or block grants. >> and his answer was? >> i don't speak nearly as badly about you as some of you do about me. >> who asked that? >> it was jon [inaudible] i thought he did a great job in answering the question. he was deferential in the way he did it. the point needed to be make. the president's response was unsatisfactory. it overlooked the fact that most of the time we criticize him but we generally don't question his motives. we don't question whether or not he generally cares about the american people. that is a problem. that is a difference. >>steve: you can tell the vicious attacks over the last couple of years really hurt. okay, he's up here now
? through massive tax hikes or more likely massive government cuts. if we have an unsustainable government now and get to the point where interest payments are pushing it, we're constitutionally obligated to f pay for the debt every year. when we get to a point where the spending now -- we're on a pace of spending where we're going to have to have dramatic cuts, where is it going to hurt? my district. northern virginia. we're going to have to fire government workers that work in vital sectors of the economy. >> here's a question i'd like to put to both of you. starting with you, ron. hasn't the experiment of austerity been tried in europe already? let's just go to the austerity. at the moment the imf says the european economy will contract over the next year by 1.2%. the same organization says the american economy will grow by 2%. not massive. in the eurozone, the recession is going to last for another 18 months. unemployment in spain, 26%. unemployment in italy, 37% for youth. britain is in a triple recession. britain's pound is at its lowest rate in three years. those nations, that whole
defense systems in place to protect us from icbm tax, but north korea, in particular, has recently made advances in its capabilities and has engaged in a series of irresponsible and reckless situations. specifically, north korea announced last month it has conducted its third nuclear test this appears to be a road mobile icbm. also, it is using the taepodong-2 missile, demonstrating progress in their development of long-range issile technology. in order to bolster the protection of our homeland and state ahead of this threat, we are taking four steps. first, we will strengthen the homeland missile defense by deploying 14 additional ground-based interceptors at fort greeley, alaska. that will increase the number of ground-based interceptors from 30 to 44, including the four gbi's at vandenberg base in alifornia. this is nearly a fifth to% increase in air missile capability. second, with the support of the japanese government, we are planning to deploy additional adar in japan. the second radar will provide improved tracking of any missile launched in north korea at the united states or j
would cut spending by nearly five-trillion dollars over a decade without raising taxes. the democrats' plan is aimed at reducing the deficit by about a trillion dollars over ten years by using spending cuts and tax increases. the president will release his own proposal next month. >> catherine: this was the first full day on the job for pope francis. catholics hope it marks the beginning of a turnaround after years of scandal. erin mclaughlin has the latest from rome. >> reporter: as part of his new day on the job he celebrated mass with the cardinals who voted for him. >> i think you and the prayers that will kill us of this race. >> reporter: a quiet contrast from the thunderous confirmation. >> the word francis, the choice has a lot to do with his internal desire to church the level of beginnings. >> we are learning about the new process of election. >> you gradually began to sense a movement and you pray and talk a lot to others. there is a gradual movement that i found that generated a lot of joy and serenity. >> he was the arch bishop of blindness august, argentina. >> i think t
. you can only solve it, the only real approach is the combination of fiscal discipline. there is no tax increase in the world that will solve our long term debt problem. >> senior political editor mark murray joins me live now from cpac. a few moments ago, i understand, senator rand paul was on the stage behind you. is he still going? >> reporter: they are still going. there is a panel right now as you mentioned. the two big speeches this afternoon from florida senator marco rubio as well as rand paul. both of those people are seen as potential 2016 republicans and that's why we're watching them here. they end up getting a big applause from the conservatives in the audience. both about equal applause. marco rubio was talking about his focus on the middle class and he responded to a lot of liberal critics by saying, the republican party doesn't need new ideas. the idea is the american people. on the other hand, you end up having rand paul who ended up saying the republican party needed a change and change in a way, ad hearing mort to the constitution. taking up the charges his father had
obama to fail, will do anything to make sure he fails. that and no new taxes all they can agree on. why hasn't president obama offered republicans a deal from his point of view? his version of a grand bargain to force the republic chance to say no and walk away from the table? he hasn't done that yet. >>> by the way, donald trump tweeted yesterday, really big crowd expected tomorrow at cpac for his speech. here's the really big crowd that showed up to see trumpy. an overflow audience. filled with empty chairs. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ that nasty odor coming from your washer. say farewell to the smell with tide washing machine cleaner. it goes straight to the source of the stink to lift odor-causing residues off your washer's drum. tide washing machine cleaner. [ crisp crunches ] whoo-hoo-hoo! guess it wa
. i...i mean, you...love. . >>> the one thing we've seen is $1 trillion in higher taxes, taxing more, borrowing more and spending more is not a path to prosperity. >> that was congressman paul ryan on the hill. pleased that democrats are bringing bunts budgets to the table. maryland congressman chris van holland is the ranking member on the house budget committee. he joins me now, congressman van holland. good afternoon to you. >> good afternoon to you, luke. >> i want to get your take on house republicans are panning the democratic budgets that will be voted on tomorrow. your budget, the black caucus budget, the progressive budget, various ones have no chance of becoming law. is there any worry that the idea that republicans are putting forward that our budget balances, our budget balances, a very good sound bite that can work in mid-term elections. whereas you guys' isn't balanced until about 2040. is there any worry that the message could take hold and cause problems for you in the 2014 mid-terms? >> no, luke, for this reason -- the republican budget, the ryan budget balances on t
is the sequester. what's going to happen? and also, how are consumers going to react to increased taxes. so we're really watching out on all these economic numbers for q2. >> you also watch that, but i'm looking up at the transports that are up 102 points. >> 102 points. >> which would confirm the move we're seeing to new all-time highs right now on the dow. >> the only things that concerns me is you're not seeing this explosion in volume at these new highs. now, the s&p hasn't done it yet. maybe if we get through the s&p, all of a sudden there'll be this exposure. you don't feel it yet, but that being said, it's still making a new high, right? >> exactly. >> at least the dow is. s&p is still not. >> if we get a budget agreement, i'm really talking pie in the sky here. but they are talking, at least. if we get a budget agreement, that would have to help the market too, i think. >> and we would probably advise our s&p estimate. >> so what would it take? 10%? you could move it higher. >> exactly. because, ultimately, we'd start seeing the earnings and see the multiple expansions. right now, we'r
. he never met a tax cut he didn't like. we used to argue about all his tax cuts. but he had in his heart and soul a deep hatred of ray schism. nobody had any doubts about where he stood. he would have called an audible right in that room. all right, you're not going to remember lincoln. that's a long time ago. think back to somebody like jack kemp who combined conservativism with a real sort of concern about justice and equality. >> what does it say, benji, jack kemp, that's not that long ago. we're nostalgic, until even a bush -- what happened that they're so far right that the republican party has no sense of what the mainstream is concerned about? >> this is one of those problems when you don't have a clear leader. when there was president bush, he never got credit from liberals at the time, but he was keeping a lid on this stuff. bush was a believer in a lot of kemp. his passion in addition to conservativism was derived from kemp. without that, first there were no leaders and you just had the tea party movement rising up and and then a lot of these leaders are in the conservati
republicans today. talking about spending, taxes, other critical issues. dana, are you with us? >> reporter: i am. can you hear me, wolf? >> now we hear you. >> reporter: good. to answer your question the timing couldn't have been more fascinating because it was about a half way through the president's meeting with house republicans that we all saw the white smoke. when he came out we asked him about that. >> mr. president, what about the new pope? >> mr. president, are you upstaged by the new pope? >> i made the announcement we saw smoke but i haven't actually seen the official announcement of name so we look forward to hearing about it and i'm sure it is going to be -- >> what about the white house tour? will there be white house smoke here. >> you're straining the analogy. >> how'd it go? >> good. i enjoyed it. it was useful. thank you. >> now, when we heard about the pope we were e-mailing with people in the room asking if people there knew about it. at the beginning there was hub bub but then it turns out the president was handed a note by his deputy chief of staff telling him the news an
costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. squa championship game rapped up. winning the acc for the first time this school history, but still wasn't enough to earn them a one seed in the big dance. miami is a two seed in the east region. louisville number one overall. the other one seeds are kansas, indiana and gonzaga. last year's number one overall seed, kentucky, they failed to make the tournament this year. st. louis wrapped up the atlantic 10 title yesterday taking care of bcu. after the game they tried to get right to the airport so they could watch the selection show, but they got stuck in traffic in new jersey, so the entire team stopped off at a local best buy and set up their own watch party. shoppers joined them as they learned they would be the four
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. nlove. as americans, we believed we can'tin freedom.person we that's what i fought for as a marine, and that's what we believe in as republicans. freedom means freedom for everyone. i didn't use to understand the importance of same-sex marriage, but after learning my brother was gay i wanted the same rights for him. he was the best man at my wedding and i want to be the best man at his. it's only fair that calvin should have the freedom to marry the person he loves, too. it's time for marriage. from beautyrest40% and posturepedic.ets save hundreds on floor samples and closeout inventory. but hurry, the beautyrest and posturepedic closeout sale ends sunday at sleep train. ♪ your ticket to a better night's sleep ♪ >>> congresswoman michele bachman
business family. i know what that's like. how hard the small businesses work. we have a broken tax code [applause] and the president and senate democrats, they just want to keep increasing taxes, making it harder and harder, for our small businesses to hire and grow and put people to work in this country. our nation is drowning in debt. we have had four straight years of trillion dollar deficits. we're a trillion dollars in hock to china. bill: she has talked about those issues a lot. i guess the libya portion was saved for another time. if you go through that, i mean, these are a lot of the issues we talked about for a couple years now and how we get ourselves out of that that she just mentioned there and how we find a better way forward are some of the hottest topics in washington. martha: it is interesting. kelly ayotte has been a rising star in the party. she was considered as a possible vice-presidential partner for mitt romney. she clearly has aligned herself with the mccain-graham camp. she took the spot of joe lieberman. one. three musketeers of a lot of issues of concern to the
and asking why are your tax dollars going to such a radical country? log on to the website, we always want to hear from you, at hannity lilive.foxnews.com ad why am i sitening this chair, who hired me? and what about his background saw something in me didn't know existed. all that straight ahead. you're crazy. go faster! go faster! go faster! go faster! no! stop...stop... go(mom) i rais my son to bester! careful... hi, sweetie. hi, mom. (mom) but just to be safe... i got a subaru. (announcer) love. it's what makes a subaru a subaru. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. with the bing it on challenge to show google users what they've been missing on bing. let's bing it on. [fight bell: ding, ding] how many here are google users? what if i was to tell you that you would actuall
you. and laze cheney and pat caddell will join me and asking why are your tax dollars going to such a radical country? log on to the website, we always want to hear from you, at hannity lilive.foxnews.com ad why am i sitening this chair, who hired me? and what about his background and what about his background saw something in me that i twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ engine revs ] an intense burning sensation i woke up with thi
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